David Steward is an American entrepreneur as well as business magnate who is best known as the founder and chairman of the commercial company, World Wide Technology.
As per Bloomberg, in February 2020, Steward has an estimated net worth of $3.9 billion. On the other hand, Forbes claims his wealth to be $3.5 billion. Also, Celebrity Net Worth says he is worth $4 billion.
As a matter of fact, he is one of the 13 black billionaires among over 2,000 billionaires all over the world. With his hard work and hefty fortune, David is 2nd richest black billionaire among five black billionaires out of 607 billionaires in America.
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David Steward began his career as a production manager at Wagner Electric for a year from 1974 to 1975. After that, he served at Missouri Pacific Railroad Company as a sales representative (1975 to 1979).
Then, from 1979 to 1984, the former production manager worked as a senior account executive at the American multinational delivery services company, Federal Express. In the firm, Steward was the salesman of the year and appointed to the business; hall of fame in 1981.
Additionally, the ex-senior accountant executive became the owner of Transportation Business Specialist and Transport Administrative Services. Finally, in 1990, David Steward formed the technology service, World Wide Technology, Inc. (WWT).
WWT furnishes technology and supply chain services with a focus on the implementing enterprise advertisement, people, and telecom service provider sector.
Furthermore, the chairman of WWT is also a founder of a global technology and supply chain management company, Telcobuy. Gradually, the sales for both ventures began to increase. The WWT bear the impact of a technical recession, with the revenues slipped in 2002.
A year later, David founded World Wide Technology Holding Company as the main company for both ventures passing $1 billion combined revenues.
In 2018, Steward’s WWT’s revenue was estimated at over $11 billion, with which it was ranked as one of St. Louis’ largest private firms. As of 2020, WWT has a $12 billion yearly revenue, which is successful in managing almost 6,500 employees.
David Steward was born on David L. Steward in 1951, Chicago, Illinois, United States. His father, Harold Steward, was a mechanic while the mother, Dorothy, was a homemaker.
The WWT founder really had a hard childhood. He faced poverty and discrimination during his childhood growing up in Clinton, Missouri. Sharing his bad experience, he stated:
"I vividly remember segregation—separate schools, sitting in the balcony at the movie theater, being barred from the public swimming pool."
Talking about Steward’s education, he attended African-American high school. Then, in 1967, he joined the public swimming pool in Clinton. Later, in 1973, from Central Missouri State University, David earned a BS degree in business.
Black billionaire David Steward is married to Thelma Steward. The couple shares a daughter, Kimberly Steward.
As per the sources, David and his wife have another child, whose name is yet to be revealed.
Did You Know: The 2nd richest black billionaire, David donated $13 million to the public university, University of Missouri-St. Louis (UMSL) in July 2018.